Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance

Christian Keuschnigg and Søren Nielsen

No 850, CESifo Working Paper Series from CESifo

Abstract: This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.

Keywords: venture capital bank finance; matching; moral hazard; public policy (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-cfn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo_wp850.pdf (application/pdf)

Related works:
Working Paper: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance (2006)
Working Paper: Public Policy For Start-up Entrepreneurship With Venture Capital and Bank Finance (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_850

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().